Fox Run Management L.L.C. Purchases New Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Advanced Drainage Systems, Inc. (NYSE: WMS), purchasing 3,576 shares valued at approximately $389,000.
• Advanced Drainage Systems announced a quarterly dividend of $0.18 per share, with a dividend yield of 0.5%, set to be paid on September 15th.
• Wall Street analysts have given a consensus rating of "Moderate Buy" for Advanced Drainage Systems with an average price target of $152.56.

Fox Run Management L.L.C. purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,576 shares of the construction company's stock, valued at approximately $389,000.

A number of other institutional investors have also recently modified their holdings of WMS. Sei Investments Co. grew its position in Advanced Drainage Systems by 2.4% during the first quarter. Sei Investments Co. now owns 40,386 shares of the construction company's stock worth $4,611,000 after buying an additional 938 shares during the period. Vestmark Advisory Solutions Inc. acquired a new position in Advanced Drainage Systems during the first quarter worth about $326,000. Russell Investments Group Ltd. grew its position in Advanced Drainage Systems by 25.3% during the first quarter. Russell Investments Group Ltd. now owns 177,888 shares of the construction company's stock worth $19,320,000 after buying an additional 35,967 shares during the period. Rathbones Group PLC grew its position in Advanced Drainage Systems by 15.1% during the first quarter. Rathbones Group PLC now owns 294,313 shares of the construction company's stock worth $31,977,000 after buying an additional 38,658 shares during the period. Finally, Nuveen LLC acquired a new position in Advanced Drainage Systems during the first quarter worth about $17,783,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $140.99 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.85 and a beta of 1.27. The company's 50 day simple moving average is $119.45 and its 200 day simple moving average is $114.90. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.17. The business had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 earnings per share. On average, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems's dividend payout ratio is presently 13.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WMS shares. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada started coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 target price on the stock. Barclays upped their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. KeyCorp increased their price target on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $152.56.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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